OLED (Universal Display) EBIT: $221.7 Mil (TTM As of Mar. 2026)


OLED Universal Display Corp OLED
84 GF Score
Price $87.60
GF Value $153.50
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Universal Display EBIT?

Universal Display OLED +2.34% 84 EBIT is $221.7 Mil as of Mar. 2026. GuruFocus rates OLED with a GF Score™ of 84/100 and a GF Value™ of $153.50 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Universal Display's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $42.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $221.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Universal Display's annualized ROC % for the quarter that ended in Mar. 2026 was 10.23%. Universal Display's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Universal Display's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.16%.


Universal Display  (NAS:OLED) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Universal Display's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=171.004 * ( 1 - 20.75% )/( (1314.657 + 1335.373)/ 2 )
=135.52067/1325.015
=10.23 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1963.762 - 46.748 - ( 602.357 - max(0, 108.013 - 1087.058+602.357))
=1314.657

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1894.716 - 42.935 - ( 516.408 - max(0, 97.764 - 932.278+516.408))
=1335.373

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Universal Display's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=171.004/( ( (234.872 + max(376.688, 0)) + (232.086 + max(318.106, 0)) )/ 2 )
=171.004/( ( 611.56 + 550.192 )/ 2 )
=171.004/580.876
=29.44 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(119.953 + 240.912 + 123.836) - (46.748 + 21.011 + 40.254)
=376.688

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(93.629 + 248.213 + 74.028) - (42.935 + 21.038 + 33.791)
=318.106

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Universal Display's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=221.665/3596.539
=6.16 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Universal Display EBIT Related Terms


Universal Display EBIT Historical Data

* Premium members only.

The historical data trend for Universal Display's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Universal Display EBIT Chart

Universal Display Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 227.64 267.11 217.19 238.80 248.58

Universal Display Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69.66 68.54 43.14 67.24 42.75

OLED vs BELFB, OSIS, KN: EBIT Comparison

For the Electronic Components subindustry, Universal Display's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Universal Display EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, Universal Display's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Universal Display's EV-to-EBIT falls into.


OLED
84GF Score
Universal Display Corp OLED
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Universal Display EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $221.7 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $221.7 Mil mean?
Universal Display (OLED) has a EBIT of $221.7 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Universal Display.
Is Universal Display's EBIT too high?
Universal Display's current EBIT is $221.7 Mil. Overall, Universal Display has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Universal Display's EBIT compare to BELFB and OSIS?
Universal Display's EBIT of $221.7 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Hardware company?
A good EBIT depends on the Hardware industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Universal Display. Universal Display's current EBIT is $221.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Display stock overvalued right now?
Based on GuruFocus' analysis, Universal Display (OLED) is currently considered Significantly Undervalued. The stock's GF Value™ is $153.50, compared to a current price of $87.60 — trading 42.9% below its estimated fair value. The current EBIT is $221.7 Mil. Universal Display's overall GF Score™ is 84/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Universal Display (OLED), the current EBIT is $221.7 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Universal Display (OLED) Overvalued in 2026?

Based on GuruFocus' analysis, Universal Display stock appears to be undervalued. The current stock price of $87.60 is trading 42.9% below its estimated GF Value™ of $153.50. GuruFocus considers Universal Display to be Significantly Undervalued.

Key valuation signals for OLED:

  • EBIT: $221.7 Mil
  • GF Value™: $153.50 vs. price of $87.60 (42.9% below fair value)
  • GF Score™: 84/100 with 2 warning signs

No single metric tells the full story. See the OLED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Universal Display Business Description

Address 250 Phillips Boulevard, Ewing, NJ, USA, 08618
Universal Display Corp researches, develops, and manufactures organic light-emitting diode, or OLED, technologies for use in displays for mobile phones, tablets, televisions, wearables, personal computers, automotive interiors, and the solid-state lighting market. OLED technologies are an alternative to light-emitting diode, or LED, technologies, in the solid-state lighting market, and liquid crystal displays in the flat-panel-display market. The Company has one reportable business segment being OLED technologies and materials. The large majority of the firm's revenue is generated in South Korea, with the rest coming from Japan, China, the United States, and other countries across the world.
84GF Score

Get the complete analysis for OLED

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$87.60
Price
$153.50
GF Value